This article may be 5 days old, but it could explain what we're dealing with:
The only thing the article didn't do was compensate its readers with DIAMONDS.
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RE: Daily Crypto Markets Live Blog: Cryptocurrency Markets Getting Blasted (09/25/21)
Leverage is definitely dangerous. That must of hurt quite a few people.
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Derivatives and even options can be dangerous to the wrong people. Each separates the common trader from the major players.
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I'm not really prepared technically nor mentally to play that kind of game so I just stay away and do my thing here!
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That is the best choice. You can earn big but you are risking it big as well.
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That makes 2 of us. While the rewards would be amazing, they come at what cost? I'm not a trader, and I don't have the mentality of a trader.
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The problem with derivatives is that you need to consider the time frame. Generally you have to accept the risk that your investment will go to zero.
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This is why we-- you, me, and many others here-- stick with HODL and buy the dips. It's easier on our mental health that way.
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I expected that from Solana and XRP but I thought Cardano was doing better than that... go figure...
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Sometimes it pays to have a bag of shitcoins if you know what you're doing. I'm just saying....
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Yea, that it's true... a shitcoin is a shitcoin until it isn't...
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If the shitcoin moons, then it's like finding money on the street: you weren't expecting it, but it makes your day.
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Hahaha that's very right
Not a bad day if you can turn like 50 bucks into thousands. Doesn't happen all that often but it's always a possibility
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Even better would be turning real-life found money into crypto found money. Except for a coin or two, we don't usually find money in the street. USD 50 would be a week of obscenely-priced coffee or a day at a show, so diverting that money to Shiba Inu or some other shitcoin wouldn't be a bad move. The only bad thing would be the tax implications should the shitcoin moon, and we can deal with that when it hapepns.
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I think Cardano's AML/KYC related news turns out to be FUD but it will damage the cardano in near future. Solana seems to have some future but XRP, I am not touching it at all.
XRP still has its legal battles with the American SEC, so it will be a while before it can take off or fall off a cliff.
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Not touching XRP either... I have my doubts about Solana because I keep hearing mixed opinions about it and I'm not really sure where it stands
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